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Patricia Contributes Artwork to the Art Museum at Tech University

Question 88

Multiple Choice

Patricia contributes artwork to the art museum at Tech University. Her AGI is $50,000. She paid $10,000 for the artwork in 1987, but its fair market value at the contribution date is $30,000. What is Patricia's maximum current year charitable deduction?


A) $- 0 -
B) $10,000
C) $15,000
D) $25,000
E) $30,000

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